Brazil Launches XRP ETF on B3 as Cardano’s Hoskinson Teases New Integration

The XRP market is showing major progress, as there are new positive XRP news stories every day. The most recent example of this is the progress of XRP in Brazil, which is a new development. The first-ever spot XRP exchange-traded fund has been launched in Brazil, making a great step towards global adoption. The launch of this XRP ETF can also help increase the Ripple price as new investors pour in. Another interesting development was that the Cardano founder gave the news of a new integration for the XRP token in an interview.

What Is the New Brazilian XRPH11 ETF and Why Is It Important?

The new Brazilian XRPH11 XRP ETF has been launched and is ready for trading today. Based on the reports, this ETF has been launched by Hashdex and is now available on Brazil’s B3 stock exchange. Hashdex won the right to launch this ETF back in February, making Brazil the first country to permit a spot XRP exchange-traded fund. This ETF’s trade volume has not yet been disclosed. However, its success is almost guaranteed as it is the first of its kind. Adding to that, XRP has become one of the most popular cryptocurrencies worldwide, which in turn will boost this ETF’s numbers. 

The CIO of Hashdex, Samir Kerbage, has also commented on this development. “XRPH11 is part of Hashdex’s line of mono-asset funds, such as the ETFs BITH11, ETHE11, and SOLH11. The focus of these ETFs is sophisticated investors, such as institutional investors who want to build crypto portfolios on B3.” Based on the reports, this XRP ETF will allocate 95% of the direct and indirect capital to the Ripple token. Although this token has gone live, there has not been an update on the trading statistics. 

Is XRP About to Join Cardano’s Lace Wallet?

Another positive XRP news story is that there has also been development regarding further integration and new collaboration from XRP. The Cardano founder, Charles Hoskinson, has confirmed that XRP will be available for various transactions on the Lace Wallet. This statement came from an Ask Me Anything on YouTube, which was going on for almost three hours. The lace wallet is a product from the tech arm, Input Output Global of Cardano. With this update, Cardano’s multichain capabilities are set to be enhanced. The XRP price can see a rise, and this listing will bring more eyes and investors. 

Hoskinson also mentioned that the IOG was still in talks with Ripple and that “Things are moving well.” As per his statement, it seems that the problems between Ripple and Cardano have been addressed, and the crypto giants are collaborating now. When the integration process ends, users can send, receive, and hold this coin just like the ADA token. The Lace wallet has been making changes recently, as it only supported Cardano-based products in 2023. However, this wallet has expanded its products to Bitcoin and will be adding XRP soon. 

Is XRP Stuck in a Consolidation Phase After Its Recent Surge?

As of today, the XRP price is hovering around $2.19 as the market is going through a consolidation phase. This comes after the recent surge to a peak of $2.25. Moreover, the candlestick patterns show that the market is experiencing indecision as neither bulls nor bears are moving. This could be the result of the recent surge, which was unpredictable, leading investors to choose to wait for a catalyst instead. The RSI for the price action also shows indecision as it stands around 46 points. This indicator can be seen hovering around the middle zone for a while, showing continued consolidation. 

XRP/USD daily chart, published on TradingView, April 25, 2025

Based on the XRP/USD daily chart, the RSI moving average stands near the 49 level, which is close to the RSI line. This points to the continuation of the current sideways XRP price movement. The lack of divergence between the two lines is the main signal for identifying the current price action as being range-bound. Another important indicator is ADX, which also shows a weak price trend as it shows a 10 score. Until the ADX indicator rises above the 20-point level, the current consolidation will likely continue. 

Could the New XRP ETF Trigger a Price Surge?

As discussed in this article, the new XRP ETF presents an opportunity for further Ripple price increases. However, the XRP price seems to be minimally affected by internal news, as the recent surges were ignited by the broader market. As such, investors closely monitoring XRP value and its market should continue following general economic developments as well.